The U.S. administration has halted trade negotiations and doubled Turkish steel tariffs in response to Turkey's advance into Syria on Monday, October 14. The proposed $100 billion trade deal with the country is on hold due to the advance.
The current Miscellaneous Trade Bill (MTB) (H.R. 4318) is in place through December 31, 2020. However, the USITC is opening the new MTB Portal this Friday, October 11, 2019 to allow U.S. manufacturers and importers an opportunity to include products on the list for consideration over the next year.
Section 321 Entries – Voluntary Pilot in Place
In the Tariff Act of 1930, U.S. Customs and Border Protection (CBP) authorized an exemption of duty and taxes under Section 321(a)(2)(C) for goods not over a designated value. Originally, that value was $200 - one $200 shipment per person per day, with minimal documentation required for entry. On February 24, 2016, the de minimis value was increased to $800 – one $800 shipment per person per day. This increase was part of the Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA) and CBP implemented and met all TFTEA requirements by August of 2016.
This week, the United States was granted permission by the World Trade Organization (WTO) to impose up to $7.5 billion of annual tariffs on goods from the European Union. This action provides the U.S. administration with the ability to tax wine, airplanes and other goods exported from Europe to the United States.
Electronic Vessel Manifest Confidentiality: Who Can See Your Information?
With varying regulations governing the disclosure (Freedom of Information Act) or confidentiality (Department of Homeland Security) of certain records, it can sometimes be challenging to know who can have access to what information in the international world of trade. Importers and exporters, along with their brokers, forwarders and ocean carriers, must follow certain guidelines as to what information must be disclosed and what must be kept confidential in the commercial environment.
19 Code of Federal Regulations Chapter 103.31 Subpart C provides guidance on vessel manifests, including who can be privy to that information. Members of the press, including newspapers, commercial magazines, trade journals and similar publications are allowed to review the vessel manifests of imports and exports and the following data associated with them:
- Name and address of the shipper
- General nature of the cargo
- Number of cartons/packages
- Gross weight
- Carrier Name
- Port of Export
- Port of Destination
Section 301 Tariff Update: Increases Announced for List 3 and List 4
In an announcement on Friday, August 23, 2019, the USTR (United States Trade Representative) advised that Section 301 List 3 tariffs will be increasing from 25 percent to 30 percent effective October 1, 2019, following a notice and comment period. List 3 is comprised of approximately $250 billion worth of Chinese imports and was first implemented on September 24, 2018 at 10 percent. On May 10, 2019, the List 3 duty rate increased to 25 percent.